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Saab Delays Paying Workers

By

Christina Zander

July 26, 2011 11:05 a.m. ET

STOCKHOLM—Swedish Automobile NV, the Netherlands-listed owner of troubled car maker Saab Automobile AB, said Tuesday it had delayed salary payments to its approximately 1,600 white-collar employees due to a shortage of cash.

"We're still waiting for some of the funds that were committed by investors to show up on our account," said Saab Automobile spokeswoman Gunilla Gustavs. She didn't wish to speculate how long it might...